ANZ National Bank Limited Group

ANZ National Bank Limited and Subsidiary Companies

Key Information Summary

for the three months ended
31 December 2004

Introductory Information
  • The purpose of this Key Information Summary is to provide customers and potential customers with information about the financial condition of their bank.
  • Neither the New Zealand Government nor the Reserve Bank of New Zealand guarantees or insures bank deposits.
  • The information contained in the Key Information Summary is explained in the Reserve Bank publication “Your Bank’s Disclosure Statement – What’s In It For You?”, which can be obtained from the Reserve Bank.

Corporate Information
  • The full name of the registered bank is ANZ National Bank Limited (the ‘Bank’).
  • The full name of the ultimate parent bank of the Bank is Australia and New Zealand Banking Group Limited, which is domiciled in Australia.

Credit Rating
  • The Bank has two current credit ratings, issued by Standard & Poor’s and Moody’s Investors Service, which are applicable to its long term senior unsecured obligations which are payable in New Zealand in New Zealand dollars.
  • The current Standard & Poor’s credit rating is AA–. There have been no changes in the credit rating issued in the past two years ended 31 December 2004. The rating is not subject to any qualifications.
  • The current Moody’s Investors Service credit rating is Aa3. There have been no changes in the credit rating issued in the past two years ended 31 December 2004. The rating is not subject to any qualifications.
ANZ National Bank Limited and Subsidiary Companies
Key Information Summary
for the three months ended 31 December 2004
Consolidated
Unaudited
31/12/2004
Unaudited
31/12/2003
 

Profitability

      
  • Operating surplus for the three months ended 31 December ($m) (There are no extraordinary items)

180

131
  • Operating surplus for the year ended 31 December as a percentage of average total assets

0.9%

1.4%
 

Size – as at 31 December

      
  • Total assets ($m)

77,835

75,752
  • The percentage increase in total assets from 1 January to 31 December

2.7%

171.2%
 

Capital Adequacy – as at 31 December

      
  • Tier 1 Capital as a percentage of risk weighted exposures-Banking Group

8.0%

7.0%
  • Reserve Bank of New Zealand minimum Tier 1 Capital ratio

4.0%

4.0%
 
  • Total capital as a percentage of risk weighted exposures-Banking Group

10.6%

9.5%

  
 
  • Reserve Bank of New Zealand minimum Total Capital ratio

8.0%

8.0%

  
 

Asset Quality - as at 31 December

      
  • Total impaired assets (on-balance sheet and off-balance sheet) ($m)

112

112
  • Total impaired assets as a percentage of total assets

0.1%

0.1%
 
  • Total specific provisions ($m)

62

75

  
 
  • Total specific provisions as a percentage of total impaired assets

55.4%

67.0%

  
 

Peak Credit Exposure Concentrations –
for the three months ended 31 December

Number of
Counterparties

Number of
Counterparties

  
  • The number of individual counterparties other than banks or groups of closely related counterparties of which a bank is the parent (excluding OECD
    Governments and connected persons), where the peak end-of-day credit exposures (net of specific provisions; $nil) equals or exceeds 10% of equity (as at the end of the period) in ranges of 10% of equity, on the basis of limits (Note 1):

 

 

10% to 20% of equity

4

3
ANZ National Bank Limited and Subsidiary Companies
Key Information Summary
for the three months ended 31 December 2004
Consolidated
Unaudited
31/12/2004
Unaudited
31/12/2003
 

Peak Credit Exposure Concentrations –
for the three months ended 31 December (continued)

Number of
Counterparties

Number of
Counterparties

  
  • The number of bank counterparties or groups of closely related counterparties of which a bank is the parent (excluding OECD Governments and connected persons), where the peak end-of-day credit exposures (net of specific provisions; $nil) equals or exceeds 10% of equity (as at the end of the period) in ranges of 10% of equity, on the basis of actual exposures:

 

 

10% to 20% of equity

2

2
 

Peak Connected Persons Credit Exposures –
for the three months ended 31 December

      
  • The peak aggregate end-of-day credit exposure (net of specific provisions and exclusive of exposures of a capital nature) to connected persons (there are no specific provisions or set-offs) ($m)

1284

774
  • The peak aggregate end-of-day credit exposure (net of specific provisions and exclusive of exposures of a capital nature) to connected persons as a percentage of Tier 1 Capital

30.4%

22.6%
  • The peak aggregate end-of-day credit exposure (net of specific provisions and exclusive of exposures of a capital nature) to non-bank connected persons (there are no specific provisions or set-offs) ($m)

-

2
  • The peak aggregate end-of-day credit exposure (net of specific provisions and exclusive of exposures of a capital nature) to non-bank connected persons as a percentage of Tier 1 Capital

0.0%

0.1%
  • Reserve Bank of New Zealand maximum peak end-of-day aggregate credit exposures (net of specific provisions and exclusive of exposures of a capital nature) to all connected persons as a percentage of Tier 1 Capital

70.0%

70.0%
  • Reserve Bank of New Zealand maximum peak end-of-day aggregate credit exposures (net of specific provisions and gross of set-offs) to non-bank connected persons, within the limit to all connected persons, as a percentage of Tier 1 Capital

15.0%

15.0%
 

Note 1 - The number of individual counterparties disclosed within the various equity ranges is based on counterparty limits rather than actual exposures outstanding. No account is taken of security and/or guarantees which the Bank may hold in respect of the various counterparty limits.

  
 

Availability of Disclosure Statements

  
 

Copies of ANZ National Bank Limited’s most recent General Disclosure Statement will be provided at no charge immediately to any person requesting a copy where the request is made at ANZ National Bank Limited’s head office, Level 10, 2 Hunter Street, Wellington, and within five working days where the request is made at any branch or agency of ANZ National Bank Limited.

This Key Information Summary and the most recent General Disclosure Statement can be accessed at the website addresses www.anz.co.nz and www.nationalbank.co.nz.

  
   
     
 

Independent Review Report to the Directors of ANZ National Bank Limited

  
     
 

We have reviewed the interim financial statements, including supplementary information, included in the General Short Form Disclosure Statement for the three months ended 31
December 2004. Our review was conducted in accordance with the Review Engagement Standards issued by the Institute of Chartered Accountants of New Zealand. A review of the General Short Form Disclosure Statement is limited primarily to enquiries of Banking Group personnel and analytical review procedures applied to financial data, and thus provides less assurance than an audit. We have not performed an audit and, accordingly, we do not express an audit opinion. In our report dated 10 February 2005 we expressed an unqualified statement on those interim financial statements and supplementary information.

 

The Key Information Summary has been extracted from information contained in the General Short Form Disclosure Statement for the three months ended 31 December 2004.

 

We have reviewed the Key Information Summary and based on our review:

  • the Key Information Summary has been completed in accordance with the Registered Bank Disclosure Statement (Off-Quarter - New Zealand Incorporated Registered Banks) Order 1988; and
  • the information contained in the Key Information Summary has been properly extracted from information contained in the General Short Form Disclosure Statement.

For a better appreciation of the scope of our review, and of the financial position of the Banking Group as at 31 December 2004 and results of its operations and cashflows for the three months ended on that date, this report should be read in conjunction with the General Short Form Disclosure Statement.

 

Our review was completed on 10 February 2005 and our statement is made as at that date.

 

 


Wellington